Trading volumes off post-RMB devaluation highs
Volumes were down on most platforms, but some currency pairs saw an uptick in trading
Trading volumes in September fell slightly off the highs reached in August, when volatility surged in the wake of the renminbi's devaluation by the People's Bank of China. While volumes fell overall in September, trading in USD/RUB and USD/CNY experienced an uptick.
Average daily volumes (ADV) on EBS dropped to $89 billion in September – down 10% compared with August and 24% off the levels reached the same month in 2014.
In September, Hotspot saw a 7% decrease month-on-month with an ADV of $26.2
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